Essex County Teachers Federal Credit Union
Overview / Commentary
Essex County Teachers Federal Credit Union is headquartered in Bloomfield and is the 81st largest credit union in the state of New Jersey. It is also the 3,817th largest credit union in the nation. It was established in 1936 and as of December of 2017, it had grown to 6 employees and 2,650 members at 1 location. Essex County Teachers Federal Credit Union has a C health rating.
Field of Membership Restrictions
Must be an employee of a board of education in Essex County, the Montclair Police Department or ECTFCU.
See current membership details
Health
C
Data as of Q4 2017
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Essex County Teachers Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1131 |
| Year Chartered | 1936 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.96% |
| Return on Equity - YTD | -12.91% |
| Annual Interest Income | $532.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $13.3MM$13.2MM |
| Loans | Q4 2017vs Q4 2016 | $7.6MM$8.0MM |
| Deposits | Q4 2017vs Q4 2016 | $12.2MM$11.8MM |
| Equity Capital | Q4 2017vs Q4 2016 | $968.00K$1.1MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $166.00K$59.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $248.00K$217.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
Rates
Sorry, we do not have rate data for Essex County Teachers Federal Credit Union.
Locations
| Essex County Teachers Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 125 Franklin St | Bloomfield, NJ 07003-5730 |